Unusual assets: Is it time to back Bitcoin?

ALTERNATIVES

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Bitcoins have been causing a stir in the investment world after soaring to record prices this year.

Bitcoin Bitcoin is a 'virtual' currency created in 2008 by an anonymous web developer to allow internet users to purchase goods and services online - without relying on a central bank or credit card system. Although the concept remains niche, Bitcoins have grown in popularity and are accepted by mainstream internet giants including blogging site WordPress and dating site OkCupid. Until China's central bank banned financial institutions from handling Bitcoin earlier this week, the currency was accepted by the Chinese equivalent to Google, Baidu. Bitcoin was created from a complex mat...

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